Kibaale, Uganda | THE INDEPENDENT | The police in Kibaale are holding a man accused of murdering his wife to death over a Shillings 100,000 loan taken without his consent. The suspect, Andrew Ndyayambegye, a resident of Kanoga-Kitooma village in Matale sub-county, allegedly attacked his wife, Beatrace Kaitesi, 47, after accusing …
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Kampala, Uganda | THE INDEPENDENT | Pride Bank Limited has been awarded the Agri-Finance Award (Credit Finance) at the prestigious Annual Agricultural Awards. In an evening themed: Celebrating Excellence and Innovation in Agriculture, the award recognizes the bank’s exceptional contribution to agricultural financing and its pivotal role in transforming Uganda’s agricultural …
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BUENOS AIRES | Xinhua | Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country’s gross international reserves to 36.8 billion dollars, according to …
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KAMPALA, UGANDA | THE INDEPENDENT | In the streets of Kampala, bodabodas have become an essential part of urban transportation, driving daily commutes and fueling economic activity. However, what was once a typically male-dominated industry is now undergoing a remarkable transformation, with women who once hesitated to join the trade …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved a proposal to borrow $18.09 million (Shs66 billion) as additional financing for the expansion of the Uganda Cancer Institute (UCI). The government argues that this investment would save Ugandans from spending over 1.094 trillion Shillings annually on seeking cancer treatment abroad, particularly …
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KAMPALA, UGANDA | THE INDEPENDENT | Standard Chartered Bank has been fined 60 million Shillings for cancelling a loan facility it had already granted to a couple. In her ruling, Justice Patricia Mutesi of the High Court found that Standard Chartered Bank errored when it cancelled a mortgage facility it …
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Kampala, Uganda | THE INDEPENDENT | Uganda has managed to reduce the level of spending on loans in terms of the percentage of the Gross Domestic Product (GDP) through restructuring debt and the growth of the economy. Total interest payments as a share of GDP decreased to 3.5 percent at the …
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Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has convicted a credit official for assisting a client in fraudulently obtaining a 200 million shilling loan from Cairo Bank. On Wednesday, Chief Magistrate Ronald Kayizzi found 43-year-old Specioza Nassuna, a resident of Tega Zone in Nabbingo Sub County, …
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Kole, Uganda | THE INDEPENDENT | Leaders of Emyooga SACCOs in Kole district have attributed the poor loan recovery rate to political interference, particularly misinformation about the program. Emyooga, a presidential initiative aimed at promoting job creation and improving household incomes, disbursed funds to 33 SACCOs in Kole district in two …
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Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Uganda, Airtel Money, and Credable Group have signed a tripartite agreement to enhance financial inclusion in Uganda with the introduction of a mobile-based consumer banking solution called Kwasa Kwasa. This collaboration enables Airtel Money customers to instantly access affordable, short-term loans …
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The Independent Uganda: You get the Truth we Pay the Price
